Tag: 爱上海ED

Mission bankruptcy underscores coal’s long-term decline

first_img FacebookTwitterLinkedInEmailPrint分享CBS News:A Tennessee coal mining company that filed for bankruptcy this week is the second coal company to go bankrupt during Donald Trump’s pro-coal presidency. It’s also the fifth U.S. coal industry bankruptcy in the last three years as competitors in the energy market continue to drive coal into the dust pile.Mission Coal, an operator of three mines in West Virginia and one in Alabama, filed for Chapter 11 bankruptcy protection on Sunday listing about $175 million in debt and just $55,000 cash on hand, according to court filings. This small company joins Colorado-based Westmoreland Coal, one of the country’s oldest coal companies, which filed for bankruptcy earlier this month, and Peabody Energy, Arch Coal and Alpha Natural Resources, which all have ended up in bankruptcy courts since 2015.Competition from other energy sources—super-cheap natural gas in particular—has been the main culprit. Obama-era “clean coal” regulations scuttled earlier this year by the Trump administration has played just a small role in the industry’s collapse, experts say.“Coal plants have been losing market share just on competitiveness alone, to natural gas, for quite some time–even before the EPA regulations came down that accelerated the shutdown of even more plants,” Greg Reed, director of the Center for Energy and the GRID Institute at the University of Pittsburgh, told CBS MoneyWatch recently.The total stock market value of the country’s four largest coal producers has plunged to $6.3 billion today from $33 billion in 2011. About 62,000 coal miners have lost their jobs during that time. Further job losses will come: More than a quarter of the U.S.’ current fleet of coal plants is projected to shut down over the next 12 years, according to one analysis.More: Mission Coal files for bankruptcy—5th coal company in 3 years Mission bankruptcy underscores coal’s long-term declinelast_img read more

Start reading Mission bankruptcy underscores coal’s long-term decline

How to empower members amid COVID-19

first_imgAs credit unions, we operate to promote the well-being of our members. But, for many credit union members, COVID-19 has brought unexpected personal and financial losses. The invisibility of the virus seems to underscore our lack of control.Many credit unions have risen to the challenge of these worry-filled days by offering finely tailored products and services to help consumers and businesses survive, and dare I say, thrive. However, it’s also important to remember the importance of taking social responsibility, which has always been the hallmark of the credit union difference. Not only can we rise to the occasion by giving back as organizations, but, in the true spirit of member ownership, now is a great time to empower our members by giving them the power to help as well, to wear the cape and to contribute to the community directly. Here’s how.Choose Charities They Care AboutFood, clothing and shelter are always strong choices to put up front. A statewide food bank has the benefit of serving a large area and therefore being relevant for a majority. Many communities host “Giving Tuesday” or have a nonprofit center where you can learn which charities are most highly donated to. It is easy to also compare social media followings of different agencies within your area. You might find your local SPCA is a priority within a particular member base.Make It EasyYour online banking platform is a great way to get in front of members. Grab their attention as they check their balances by placing a message to donate to your COVID-19 efforts. You can even create a simple survey to allow them to pick their charity of choice to donate to, or identify charities of their own. You may choose to create a landing page with a payment system such as PayPal or Stripe behind it, or have the contribution come directly from their account.If monetary donations are not possible, create opportunities for members to give back with their time. In lieu of physical fundraisers, many nonprofits have switched to a virtual platform for their events. For example, the American Heart Association recently hosted a Virtual Heart Walk, and the March of Dimes transformed its signature March for Babies walk series into a virtual program in which supporters could march in their homes and track their progress. Even something simple such as signing a virtual card for our troops is a quick action a member can take that will have a big impact on other people.Herald Their ImpactWhile digital communications are great for keeping us connected with updates on branch hours and COVID 19 related safeguards, they should also be used to deliver a social impact report usually reserved for the Board of Directors. Newsletters, emails and press releases that share the contributions a membership was able to generate will be a source of pride for all the members, whether they made a donation themselves or not.Besides learning to keep an arsenal of toilet paper in our basements, I like to think we will gain valuable knowledge from 2020.  These types of efforts can be used for any holiday drive or unfortunate local challenge that arises in the future. Making the membership an active part of community giving in general empowers the credit union to have an even bigger impact financially, while also celebrating the members’ true role as owners. 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Aimée Sundstrom Aimée Sundstrom is the Assistant Vice President of Marketing at Service Credit union and has been with Service Credit Union since 2006. She has a background in segmentation analysis … Web: https://servicecu.org Detailslast_img read more

Start reading How to empower members amid COVID-19